ISSN 2394-5125
 

Research Article 


A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS

Venkatesh Banala, Dr.S.Padmini.

Abstract
This paper presents an outline of Flat rate pricing (FRP) and Dynamic Pricing (DP) in electricity marketplace.
The characterization as well as classification of FRP and DP have been presented. DP schemes have been discussed, that
replicate the time varying cost of electric supply, to reassure peak load management and demand reduction. Different
potential benefits along with cost components of dynamic Pricing will be presented.

Key words: Flat rate pricing, dynamic pricing, demand response, smart grid


 
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Pubmed Style

Venkatesh Banala, Dr.S.Padmini. A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS . JCR. 2020; 7(5): 2244-2249. doi:10.31838/jcr.07.05.384


Web Style

Venkatesh Banala, Dr.S.Padmini. A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS . http://www.jcreview.com/?mno=132224 [Access: August 19, 2021]. doi:10.31838/jcr.07.05.384


AMA (American Medical Association) Style

Venkatesh Banala, Dr.S.Padmini. A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS . JCR. 2020; 7(5): 2244-2249. doi:10.31838/jcr.07.05.384



Vancouver/ICMJE Style

Venkatesh Banala, Dr.S.Padmini. A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS . JCR. (2020), [cited August 19, 2021]; 7(5): 2244-2249. doi:10.31838/jcr.07.05.384



Harvard Style

Venkatesh Banala, Dr.S.Padmini (2020) A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS . JCR, 7 (5), 2244-2249. doi:10.31838/jcr.07.05.384



Turabian Style

Venkatesh Banala, Dr.S.Padmini. 2020. A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS . Journal of Critical Reviews, 7 (5), 2244-2249. doi:10.31838/jcr.07.05.384



Chicago Style

Venkatesh Banala, Dr.S.Padmini. "A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS ." Journal of Critical Reviews 7 (2020), 2244-2249. doi:10.31838/jcr.07.05.384



MLA (The Modern Language Association) Style

Venkatesh Banala, Dr.S.Padmini. "A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS ." Journal of Critical Reviews 7.5 (2020), 2244-2249. Print. doi:10.31838/jcr.07.05.384



APA (American Psychological Association) Style

Venkatesh Banala, Dr.S.Padmini (2020) A REVIEW ON COMPARISON BETWEEN FLAT RATE PRICING AND DYNAMIC PRICING PARADIGMS . Journal of Critical Reviews, 7 (5), 2244-2249. doi:10.31838/jcr.07.05.384